The global food waste management market is estimated to grow at a compound annual growth rate of six per cent.
Food waste market is projected to reach US $42.37 billion by 2022 globally, according to a new report.
The report estimates the market value of the industry at $31.71 billion. It pinpoints the primary factors driving the global food waste market as a need to reduce greenhouse emissions and increase the usage of organic waste for the production of animal feed and fertilisers.
A major barrier to projects, it notes, is landfill and incineration techniques causing adverse effects on the environment.
Bookmark 3047 café at the Hume Global Learning Centre, on Pascoe Vale Rd Broadmeadows, is now recycling all of its food waste into BIG BIO® organic fertiliser in partnership with Biotech company Circular Food.
The plan is for the café to stock BIG BIO® products for easy purchase by Hume council staff and local gardeners. Steve Morriss, CEO of Circular Food said, “Food waste is full of nutrients that benefit soil and plants. We feed a small army of compost worms who convert organics waste into soil amendments rich in soil microbes, enzymes and plant growth hormones.” The BIG BIO® products close the loop on food waste by building healthier soils to grow stronger, tastier foods.
Congratulations to Bookmark Cafe for taking part in this project and taking responsibility for their food waste.
Circular Food founder and CEO, Steve Morriss, is also the founder and director of 2016 Victorian Manufacturing Hall of Fame inductee, Close the Loop (CtL), so he’s no stranger to resource recovery and circular economy thinking.
But at the end of last year, Morriss decided he had run his natural course at CtL so he turned his sights toward his passion – innovative start-ups with a strong social intent…
How did I end up in this industry? Well it came about through the entrepreneurial whirl-wind that is Steve Morriss, who is the founder of Circular Food, and also happens to be my father.
We started this journey looking for a new industry. The environment sector is a major passion for our family, and recycling complex waste streams is Steve’s expertise. So, organic waste recycling seemed like a natural fit. We burrowed into the industry, and the more we found out, the more passionate we became. It turns out the issue of organic waste is one of the most important environmental issues facing our planet – in fact I would argue that it is the most important. The issue is twofold; firstly, whilst huge amounts of food are being wasted, huge numbers of people are going hungry. We have a growing population, and a declining agriculture industry. With current farming practices, retail practices and public mindsets about waste, we cannot feed ourselves for much longer.
Secondly, when food waste ends up in landfill it rots, releasing methane and CO2. If food waste was a country, it would be the third largest emitter of greenhouse gases, after China and the US.
The most frustrating part about these facts is that there is no need for it. Food waste has amazing properties, which are extremely beneficial for our soils. The earth is equipped to take organic material back into the soil, and rejuvenate that ‘waste’ into plant ready nutrients. How does the earth achieve this? Earthworms.
Before we started the Circular Food journey, I knew very little about worms and vermiculture. And when I say “very little,” I mean I knew worms existed and consumed organic waste. That’s about it. The learning curve has been steep.
Vermiculture is an interesting industry, flirting between science and art. The “gospel” of worms is passed through the community, based on a solid foundation of trust and experience.
The industry itself is like an earthworm; humble and understated, but wielding immense potential.
We had the passion and the drive to tap into this industry, but we didn’t have the knowledge or the trust of the people. Fortunately, our paths crossed with Dave Wyatt – a vermiculture expert and industry veteran of 17 years. Circular Food bought his existing business, Vermicrobe International, and we absorbed that business’ expertise and incorporated it into Circular Food. Dave is now Circular Food’s vermiculture manager, and thank golly for that!
As CEO, Steve plans on expanding this knowledge and existing IP by applying a healthy dose of science. We believe in our worms, but the truth is they can’t work fast enough to produce what we need. We (the human race) have left it too late for that. We’re prepared to enter into a journey of extensive R&D, to create a fertiliser based on vermiculture but “supersized” for the modern environment.
Over a period of a few short months, the Circular Food concept has evolved from its kitchen table origins into a tangible business. In April, we secured our first site in Somerton, north of Melbourne. We spent the next two and a bit months renovating and improving this factory. Now, finally, it really feels like home.
We now operate the largest urban worm farm in Australia, equipped with a retail facility and our own lab.
Watch this space. Vermiculture and agtech are about to collide, and it’s going to change the game.